INVESTOR ALERT: Law Offices of Howard G. Smith Commences Investigation on Behalf of Cheetah Mobile Inc. Investors (CMCM)
BENSALEM, Pa.--(BUSINESS WIRE)--Nov 28, 2018--Law Offices of Howard G. Smith announces an investigation on behalf of Cheetah Mobile Inc. (“Cheetah” or the “Company”) (NYSE: CMCM ) investors concerning the Company and its officers’ possible violations of federal securities laws.
On November 26, 2018, BuzzFeed News reported that certain Cheetah apps were exploiting user permissions as part of an ad fraud scheme. Specifically, the article claimed that certain Cheetah apps “tracked when users downloaded new apps and used this data to inappropriately claim credit for having caused the download.” On this news, Cheetah’s share price fell $3.32 per share or nearly 37% over the next two trading days to close at $5.48 per share on November 27, 2018, thereby injuring investors.
If you purchased Cheetah securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181128005847/en/
CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Law Offices of Howard G. Smith
Copyright Business Wire 2018.
PUB: 11/28/2018 05:53 PM/DISC: 11/28/2018 05:53 PM